DataSynapse secures Goldman Sachs funding and GridServer contract

DataSynapse secures Goldman Sachs funding and GridServer contract

New York-based DataSynapse has secured new funding in a round led by Goldman Sachs and has also signed the global investment bank to its GridServer software.

Financial terms of the investment were not disclosed but the funding round also included the vendor's existing investors Bain Capital, NeoCarta Ventures, Intel Capital, New York City Investment Fund, Silicon Alley Venture Partners, Stonehenge Capital and Wand Partners.

Goldman Sachs will deploy DataSynapse's GridServer application infrastructure software in the first quarter of 2005. The system - which harnesses idle computing capacity for process-intensive number-crunching chores - will support the bank's global risk management operations.

Peter Perrone, vice president, Goldman Sachs, says: "DataSynapse's products will help Goldman Sachs continue to scale our shared computer resources across our businesses."

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